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    89-07 N Conduit Ave Queens, NY 11417

    Sponsored
    For Sale
    $2,799,999

    Multifamily property located in Ozone Park, NY

    Property size:
    13,100 SF

    Description

    Added:
    May 7, 2025
    Days on Market:
    245
    89-07 N Conduit Avenue ("Subject property"), a multifamily property located in Ozone Park, NY.

    The subject property rests on a 0.19-acre parcel with approximately +/- 13,100 square feet of space. This property has ten (10) free market apartments, with five (5) two-bedroom units and five (5) one-bedroom units. The two-bedroom units are approximately 925 square feet, and the one-bedroom units are approximately 825 square feet. The subject property has three (3) two-car garages in the front, one (1) single garage in the rear, and surface parking spaces on the side. The subject property is also near the NYC “A” subway line. The subject property is ideally located near numerous demand drivers like the Resorts World New York City and Aqueduct Racetrack.

    The area demographics paint a picture of opportunity – over 554,000 people live within a three miles radius and an average household income is well over $90,000. Additional information is available upon request.

    Property Features for 89-07 N Conduit Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,100 SF
    Price / Square Foot
    $213
    Elevators
    N/A
    Net Rentable
    13,100 SF
    Lot Size
    8,276 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • The subject property rests on a 0.19‑acre parcel with approximately +/- 13,100 SF This property has ten (10) free market apartments, with five (5) 2BR units and five (5) 1BR units. The two‑bedroom units are 925 square feet and the one‑bedroom units are 825 square feet. Property has three (3) two‑car garages in the front, one (1) single garage in the rear, and surface parking spaces on the side
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens
    State
    New York
    Longitude
    -74.0060152
    Latitude
    40.7127281

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    FAQs

    What type of property is this?
    Multifamily property - Multifamily property located in Ozone Park, NY
    Where is this multifamily property located?
    The property is located at 89-07 N Conduit Ave Queens, NY.
    What is the asking price?
    The asking price for this property is $2,799,999.
    What are key features of this property?
    This property features: The subject property rests on a 0.19-acre parcel with approximately +/- 13,100 SF This property has ten (10) free market apartments, with five (5) 2BR units and five (5) 1BR units. The two-bedroom units are 925 square feet and the one-bedroom units are 825 square feet. Property has three (3) two-car garages in the front, one (1) single garage in the rear, and surface parking spaces on the side
    (212) 430-5196
    Request Owner's contact information
    89-07 N Conduit Ave Queens, NY 11417
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    Queens, NY 11417
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89-07 N Conduit Ave Queens, NY 11417
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